Korea's largest crypto exchange Upbit is facing a record fine of up to $131bn for more than 9.5 million violations of KYC rules

This is known to be related to the lack of identity verification of users.

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The number of USDT users has grown 160 times since 2020, from 2.8 million to 450 million people

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Circle has printed almost 900 million USDC in the last 24 hours

Of this volume, 254 million USDC were burned.

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L2-network Base has launched an update to Flashblocks

It reduced the block creation time from two seconds to 200 milliseconds.

Base is currently the leader in the number of active users per day among Ethereum rollups and ranks sixth among networks in the DeFi-ecosystem in terms of TVL.

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Trump signs GENIUS stebacco legislation into law

Donald's key statements:

- Cryptocurrencies are strengthening the position of the U.S. dollar.
- Cryptocurrency is good for the dollar and the country.
- Cryptocurrency has risen more than any stock.
- I intend to sign the Crypto Market Structure Act ("CLARITY") into law this year.
- I remain determined to keep my promise and never allow a CBDC to be launched in the US.
- Losing the dollar's reserve currency status would be tantamount to defeat in a war.

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Indian centralised crypto exchange CoinDCX has been hacked 🐷

According to onchain sleuth ZachXBT, the incident occurred over half a day ago. The attacker withdrew assets worth ~$44.2 million.

CoinDCX co-founder Sumit Gupta assured that user funds were not affected. The project will cover the losses from its own funds.

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5 major US banking associations asked to suspend licences for Ripple, Circle and Fidelity 🗺

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Trump Media bought $2bn worth of Bitcoin for the company's balance sheet 🪙

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Ether Machine is launching with 400,000 ETH on its balance sheet and that will make it the largest public Ethereum holder ever

The reserve is being built with investments from Pantera, Kraken, Electric Capital and others - totalling more than $800m.

Another $645 million was invested by Andrew Keys of Consensys, who will lead the board.

Ether Machine plans to earn money on steaking, supporting infrastructure solutions and developing the Ethereum ecosystem.

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Elon Musk's SpaceX has transferred some of its crypto for the first time in three years

1308 BTC ($152 million) was sent to an unknown address.

The company still has 6,977 BTC ($818 million) on its balance sheet.

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JPMorgan will start issuing loans secured by cryptocurrency in 2026

Terms, limits and customer categories are being discussed.

External custodians such as Coinbase and Zodia Custody are expected to be engaged to hold assets.

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Pests have infected more than 3,500 websites with scripts for hidden cryptocurrency mining 🤔

This was reported by experts from c/side.

The virus doesn't steal passwords or lock files. Instead, it uses a small portion of computing power without users' consent to mine Monero. The miner avoids suspicious CPU load, so it is difficult to detect.

Experts say cryptojacking has returned in a more stealthy form. Previously, scripts overloaded CPUs and slowed down devices. Now their main strategy is to remain stealthy and mine slowly but steadily.

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Whales move bitcoins and Ethereum from wallets

An unknown person moved 10,603 BTC worth $1.26bn bought in 2020 at $18,000. The transactions took place from three addresses with amounts ranging from 3,000 to 4,000 BTC each.

The situation is similar on the Ethereum network: there is now a record number of coins in the queue for withdrawal from staking since January 2024 - approximately 519,000 ETH worth $1.9bn.

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Shares of companies that buy altcoins are growing faster than the coins themselves

That is, on average, by 150% per day and more than 220% per month, while cryptocurrency rates are almost unchanged.

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Experts have presented a table of days of the week to buy Bitcoins

Analysts have calculated how BTC behaved on different days of the week. The strongest days for growth are Sunday, Tuesday and Wednesday. And the most "red" - Monday.

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